It is not clear whether Andretti Global will be a separate entity from Andretti Autosport, but what is clear is the organization proved its ability to hand over an up front payment of $200 million (196 million euros) to compensate existing F1 teams.ĭating back to the release of the movie 'Rush' in 2013 and more so to the 2019 beginning of the Netflix Formula 1: Drive to Survive documentary series, the sport has seen exponential growth in popularity in the U.S. Mario also said in his post that son, owner of Andretti Autosport, CART champion, and former F1 driver Michael Andretti, had applied under the name of Andretti Global. If approved, it will mark only the ninth time that an American team would compete in what is widely felt as the pinnacle of open-wheel racing competition Haas Racing was the latest to join the grid in 2016. “To have 22 or 24 cars on the grid rather than 20, I think it’s almost some insurance.The confirmation came from none other than the patriarch of the Andretti racing family, Mario Andretti. “They’re adding more and more races to the schedule in Formula 1 and they’re crossing continents, (and) it’s putting a big load on all the teams,” Mario Andretti said. Currently, there are 10 teams fielding cars for 20 drivers.

It’s a huge commitment for a long term.”Īndretti, who won the Formula 1 World Championship in 1978 driving for Lotus, said the FIA believed there should be 12 teams on the grid. “So, there are a lot of things in play here. Also, there is no official team that is fielding Formula 3 or Formula 2 and Michael has committed to having a Formula 3 and a Formula 2 team to give some American driver the opportunity to go to Europe and pursue Formula 1. Michael has committed to having at least one American driver always. “I know Gene Haas has a team and he never planned on having an American driver. “Let’s face it, as international as Formula 1 is to have a truly, solid American team and manufacturer, it’s got to be good for them,” the elder Andretti said.

Mario Andretti believes General Motors entrance into Formula 1 would be a “wonderful thing for motor racing.” Michael Andretti wants to bring General Motors to Formula 1 with its Cadillac brand.

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